Members' Area
This area does not yet contain any content.
Emini Futures Trading Blog
Members Area
Live Emini Training Room
Christian Financial Radio Network
Emini Broadcast Listen Live

 

Live Market Commentary


Every Trading Day 12-2pm Eastern

To view our charts and participate
in the live discussion

Click Here

 

 

 

Compatible Trading Platforms

 

Christian Financial Radio Network BBB Business Review

 

 

 

What happens in your E-Mini Live Trading Room?

For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.

live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.
Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.

 

This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys

- R.H. Canada

More testimonials ...



Follow Us
« Emini Futures | Stock Market Bargain Shopping | Main | Emini Futures | Brick And Mortar - The New Economy? »
Thursday
Jun282012

Emini Futures | Breakout Kings

(QQQ)(SPY)(GLD)(FB)(TSLA)

During the CFRN Partners Meeting news from the Euro Summit pushed the S&P 500 Emini Futures up 20 points on 40k contracts. During RTH (regular trading hours) 40k contracts might move the Index 2 ticks at best. This is a prime example of why:

 

  1. You must always have a hard stop
  2. You must always be aware of global economic events
  3. You must accept the fact that you never know when "news will hit the fan"

 

Every trade you place -  no matter how humble, no matter how quiet the market, must come with a full-blown emergency preparedness plan. As long as you trade with a disaster plan in place, the chance of actually experiencing one, is greatly reduced. Without one, your trading plan and ultimately your business plan, becomes nothing more than a ticking time bomb. 

 

S&P 500 Emini Futures


Emini Rally on EU Summit News(ES) Emini Rally on EU Summit News

 

Emini Breakout Kings

 

Breakout trading is one of the most basic trading strategies. The term Breakout tends to make us think of an up move but a down move or a Breakdown, also falls under the definition of Breakout Trading Strategies. 

The most basic definition of a Breakout is that after a period of consolidation price moves either above or below a well defined support or resistance level. Traditional TA (technical analysis) says that the break must be accompanied by high volume for validation. On the chart above we showed the market moving 20 points on very light volume in a thin market on big news. So while the Breakout Trade is simple in concept, there are some complexities that should be understood.

#1) Price may expend a great amount of energy to finally break through Support or Resistance.

#2) After expending great energy, price will often retrace its steps triggering the stops of those who entered the trade based simply on the breakout without any follow through confirmation.

#3) Those stops being triggered can then propel price higher or lower depending on the direction of the breakout. This should not be confused with the "They ran the stops" conspiracy. What I am explaining does not involve a "they", it is an explanation of how markets work.

Breakouts can be traded on a 1 minute chart or a monthly chart. The concept is the same, the only difference is the risk required and the potential profit to be gained. When watching a daily chart, price might spend days or even weeks attempting to break out of a range. Once it breaks, if you place your trade without any additional confirmation you become what we call a One Eyed Jack.

 

How To Be An Emini King


In A Land Of One Eyed Jacks

 

 

 

 

The difference between a Breakout and a Fakeout is - Confirmation


Top 2 Breakout Strategies

 

  1. Confirmed breakout
  2. Failed breakout

 

Now here's the top-secret breakout strategy you won't find anywhere else. 

ALL BREAK OUTS ARE TRADABLE OPPORTUNITIES

The key to a successful breakout strategy is learning YOU CAN PROFIT no matter what happens. First, accept the fact that 50% OF ALL BREAK OUTS FAIL. Revel in it. This "secret" removes all bias and gives you a clear head. The knowledge simply makes you informed, embracing it makes you a King.

Forget about the outcome of the break, simply trade whatever confirms. 

To learn the difference APPLY for 1 Week of Free Training.

 

Connect with us: Follow Me on PinterestFollow us on Twitter! Follow us on Facebook! Read the MailChimp blog Learn MailChimp on iTunes

 Please leave a review on iTunes

 

5 DAY FREE TRIAL


Emini Podcast for Thursday 06/28/12

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: gosxpKNT
    Emini Futures | Breakout Kings - emini news blog - Emini Trading

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>